Stock trading is a high-stakes game. On certain days, you may be reaping the benefits of positive and satisfying numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were your most productive. If you are always in the mud it is important to recognize that relying on your instincts and preserving may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve discovered a platform that can support you in your growth in the industry. We’ll take an in-depth look at Profit.ly, a well-recognized one-stop social platform for trading!
For those of you who prefer a more visual experience, here is a video review from Mark Gossage’s YouTube channel. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Hot Penny Stock
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be informed, transparent, accountable, and to build relationships with one another through its wide array of tools and features such as trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for those who are starting out and as a hub for experienced traders to track their performance using the aid of sophisticated analytics tools. Providing users with a wide variety of tools for trade and communication, it helps traders from all walks of life connect with one another. It offers gurus with an opportunity to invest in the right areas that the site. Think of it as a social media site akin to Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are valid and won’t allow for fraud as much as it is possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes publication, Sykes declared that Profit.ly was based “on the transparency of all trades, something that was never previously done.” The idea Sykes said served two goals: 1.) creating public track records for not just the gurus and newsletter authors and students as well as) making it possible for everyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Hot Penny Stock
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of services and features geared at achieving achievement. You may set up an account at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time, you will need to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is easy: create an account with your experience and knowledge, then connect to your brokerage account, and you’ll be given an opportunity to make through high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a glimpse of their performance as a trading group as well as its gurus. It’s not just a way to prove value to a community of traders. You are also able to use Profit.ly to buy with a guru, and have the assurance that you’re confident of their knowledge and the veracity of their assertions.
If you feel uneasy with the idea of sharing the details of your broker account then you could decide to share your trades, either verified or otherwise, through screenshots. Also included in Profit.ly are a variety of courses in trading, the ability to view the stats of a trader’s account and other methods to interact with your experts through the chatroom along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. The penny stock market is a stepping stone for small companies to move into a larger market because it gives them access to capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes will be able to tell you thanks to his years of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned an estimated $6 million earnings through his lengthy career as trading professional. At the age of 25, he had been given more exposure and a wider reach of influence as a participant in the reality show “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education sources, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the experts in trading who have proven to make substantial amounts of money through their years of expertise. Hot Penny Stock
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll observe him focus on basic stock catalysts and employ them to anticipate the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS and Android devices; texts, emails, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 for a month it is a great option for those who are invested in the penny-stock market. Pennystocking Silver offers all the essential features found in prior plans, such as swing trading alerts as well as unlimited access to a library of over 7,000 educational videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Hot Penny Stock
The Superman Alerts plan is an package of vital features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile application, daily market commentary shown in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information provided by Superman himself through his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. On top of that, you’ll also get access to premium research reports and the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. As you sign up for this package you’ll be given a slew of robust and indispensable trading tools, all of them integral in keeping your fingers on what we could call a ruthless procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze your trades, sort or filter the trades you make; and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. You aren’t able to create a personal account, making your actions public. If you do want to have the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader package allows users to benefit from the majority of features available in The Novice package. It is in this plan that you can create a private profile for sharing with fellow associate users all the insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to improve their expertise in trading. As nice as it seems, there is one significant aspect that’s not included. In contrast to the Novice package, you won’t be able view other traders’ statistics that could be a disadvantage for those eager to try this new tier. Hot Penny Stock
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 each month with an additional 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all features from the two previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the opportunity to create a private profile. Both of these features, plus the other advantages that you can utilize to the maximum extent. If you’re in search of an account that will give you everything you need as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly has a few other services they provide. One of those is its online store, which lets users choose from a wide array of video products that are designed to educate and provide guidance on the ins and outs of trading. All of the products featured in this section of the website can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and footage of The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s array of services and features. You may be familiar with the chat room since you will see it on messaging and social platforms, as well as some specialty websites that provide live chat support. But on Profit.ly it’s seen as a hands-on place where gurus and their members trade and learn in real time. Each guru has their style in running their chat rooms and dealing with the members. Some may be laid back and less active, while another may be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of the forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock trader types, from novices to the most experienced. With the variety of deals it can provide it is certain to have something for everyone.
Beginners, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus and members. Additionally, they can choose from the items on its store online to carry with them wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll be able to realize that this is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suitable to the newcomers. Although the novices might not be as well-equipped with handling trading matters however, experienced traders know the way it functions and the stack full of risks that come with it. Ideally, they may utilize Profit.ly’s array of features to their best advantage to improve their skills in trading. Like beginners, they can study from the gurus as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the excitement! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to help navigate them through the ever-changing trading process. Hot Penny Stock
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You’ll be taught by experts and insights from its inside experts, as well as libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There is truly something for everyone
- Profit.ly’s abundance of packages and products offered may seem overwhelming for the majority of its users
- If traders decide to post any kind of trade, there’s the possibility that some of them may take advantage by selecting the best trades in order to boost their rating This could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds, as its premium users are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you need to have curiosity. Hot Penny Stock
What we mean”yes” is it could be a useful learning tool. Those who may be stuck could find Profit.ly’s variety of resources useful as they do their best to avoid losses and be more successful than they did before. It’s not just the struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
If you really desire to be a better trader and want to be taught by your mentors and peers on the way, look no further – Profit.ly may be a great choice to start.
FAQ Hot Penny Stock
How can you make use of Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the ‘My Trade section of the dashboard which allows you to post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your transactions
How can I tell whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is the probability that it’s verifiable. This is indicated with the blue check mark. If you upload the information manually or via pictures, it will be assigned as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your friends and colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just trying to maximize profits but also assist each other to learn and improve in acquiring opportunities in the stock market both right and left.